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Government Spending, Not Corporations or Oil Prices, Fuels Inflation

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Government Spending, Not Corporations or Oil Prices, Fuels Inflation
Packs of freshly printed $20 bills are processed for bundling at the U.S. Treasury's Bureau of Engraving and Printing in Washington, D.C., in a file photo. Eva Hambach/AFP via Getty Images
Daniel Lacalle
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Commentary

Governments could stop inflation today. What follows is why they will not.

Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”